Debtco definition
Examples of Debtco in a sentence
The conditions described above are for the exclusive benefit of Debtco and may be asserted by Debtco regardless of the circumstances or may be waived by Debtco in its sole discretion, in whole or in part, at any time and from time to time without prejudice to any other rights which Debtco may have.
Delivery of an Accession Letter constitutes confirmation by the relevant Consolidated Subsidiary of MGG or Debtco (as the case may be) that the Repeating Representations (or, during the Closing Period, the Closing Representations) are true and correct in relation to it as at the date of delivery as if made by reference to the facts and circumstances then existing.
Purchaser and Debtco have delivered to Seller true and complete copies of the Loan Agreement with respect to the Funding referenced in Section 6.7 hereof which will have been signed by the parties thereto concurrently with the execution hereof.
Each of this Agreement and the other Transaction Agreements to which it is a party, constitutes the legal, valid and binding obligation of Purchaser and/or Debtco, as applicable, enforceable against Purchaser and/or Debtco in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar Legal Requirements and equitable principles related to or limiting creditors’ rights generally and by general principles of equity.
The Committed Funding shall remain invested in the Acquired Companies for such use by the Acquired Companies for at least 12 months from the Closing Date without repayment to Debtco.
The proceeds of the issue would be used, together with the proceeds of the redemption of the Debtco PECS, to redeem and/or repay the Mezzanine Funding Bonds Debt and, thereafter, the advance under the Mezzanine Loan Agreement.
The security to be provided by Debtco is specified in Part III of Schedule 2 (CONDITIONS PRECEDENT).
Debtco (if it is the Principal Borrower) and Bidco 2 shall procure that an amount equal to all net cash in excess of €5,000,000 (or its equivalent in other currencies) in aggregate received by Group Companies pursuant to, or directly or indirectly in connection with, the termination of Derivative Instruments entered into in relation to the TSDIs and/or the Long Term Notes which are in existence at the Completion Date is applied in prepayment of the Facilities promptly following receipt.
Debtco shall prepay Advances in accordance with the provisions of this clause 12 from amounts prepaid under the Senior Funding Bonds.
This Agreement may, prior to the issuance of the Certificate of Amalgamation, be terminated by mutual agreement of the respective boards of directors of the parties hereto, without further action on the part of the shareholders of Debtco or Subco 2.